Apple Pay officially launched in Vietnam

Vietnamese consumers who own iPhones and Apple Watches will have the convenient option of making direct payments for services at retail outlets, eliminating the need to use credit or debit cards.

Most notably, a number of Vietnamese banks are now supporting the use of Apple Pay services, such as Vietcombank, Sacombank, Techcombank, VPBank, and MBBank. They therefore allow users to easily link their banks credit and debit card information to the Apple Pay platform via Apple Wallet or the dedicated app.

Moreover, individuals who use an Apple Watch with their iPhone will also be able to independently make secure payments.

The launching of Apple Pay in Vietnam marks a significant development in the country's digital payment landscape as it offers users a convenient and secure alternative to traditional card-based transactions.

Apple Pay was initially launched in the United States in October 2014, with the payment method revolutionising the payment industry by leveraging near-field communication technology.

Instead of relying on physical cards, iPhone and Apple Watch users will be able to simply place their devices near payment terminals in supermarkets, stores, and restaurants to initiate transactions. Authentication methods such as fingerprint scanning, via Touch ID, or facial recognition, via Face ID, ensure the utmost security during the payment process.